General Fund - January 2024 (see attachment)

This early in the year, the timing of one of two large receipts or payments tend to skew the variances.

Revenue variances (8% target)

• Intergovernmental is currently tracking ahead of budget targets as a result of the city receiving a partial municipal state aid allocation for street maintenance of $312k. in January.

Expenditure variances (8% target)

• All departmental expenditures are within the normal range and similar to last year's percentage through January.

Community Center/Ice Arena/SandVenture - January 2024 (see attachment)

Similar to the analysis of the City's General Fund, reviewing revenue and expenditures early in the year can be easily skewed depending upon what type of transactions did or did not occur.  At this point in the year variances for SandVenture, Ice Arena and Community Center are minimal.